The Association of International Property Professionals (AIPP) is predicting that there will be a higher level of buoyancy in the overseas property market in the second half of this year. A survey of all of the AIPP's members has also shown a belief that the second home buyer market has returned, according to Overseas Property Professional. Around half of the organisation's membership said that business...
Overseas property
A new survey has revealed the reason behind the popularity of French property among overseas property investors in the UK. The poll, conducted by French property specialists Creme de Languedoc, found that one of the main, and most obvious, attractions was the country's climate. This was joined in the top three reasons by the potential to spend more time outdoors and a nice range of quality yet inexpensive...
The Canadian property market is currently in high demand, particularly in the west of the country, according to a major real estate company. Royal LePage has reported that the robust activity is expected to continue for the rest of the year and well in to 2007. Both sales and prices have increased this year, with the average worth of a home in Canada 14.2 per cent higher in the second quarter of 2006...
A new guide for people interested in buying or investing in Spanish property has been introduced by The Rights Group (TRG). Mark Wilkins of TRG said that Spain was identified as the second most popular place to invest by television programme A Place in the Sun following recent research. Although it is popular, investing in Spanish property can be tricky owing to differences in the country's legal system,...
A show to exhibit overseas property to the Irish farming market has been announced and is intended to offer an avenue of investment to which these individuals would ordinarily not have access. According to Overseas Property Professional (OPP), the farmers targeted by the exhibition have a collective 700 billion (£481.78 billion) fortune ready to be put into overseas property. Around 150,000 of...
A new Cypriot Property Fund has been launched by investment specialist Assetz and will be aimed at both residential and commercial property investment. The fund was established when Assetz was approached by investors who wanted to invest £10 million of capital into property in Cyprus. Stuart Law, managing director of Assetz, said that the fund would make investment available for pension holders for a...
Overseas property investors with financial interests in European countries received an 11.8 per cent local currency return in 2005, according to research from Investment Property Databank (IPD). Total returns measured by the index were more than one fifth higher than the 9.6 per cent level noted in 2004. The company's Pan-European Property Index showed a large diversity of sources for capital gains for...
Consumer watchdog Which? has published a new guide to help Brits thinking of investing in overseas property. Buying Property Abroad costs £9.99 and can be bought from bookshops nationwide, or ordered online or over the phone. Which? estimates that more than a quarter of a million people in the UK owned property abroad in 2003/2004, but warns that it is important not to get burned. The watchdog...
The Association of Mortgage Intermediaries (AMI) is introducing a new factsheet designed to provide guidance for people thinking of buying property abroad. Targeting those who will be selling mortgages to individuals tempted by the booming overseas property markets, the document will help mortgage intermediaries to advise their clients more effectively on property regulations in different countries....
Welsh homeowners looking to buy overseas property as an investment are increasingly being attracted by Bulgaria, according to one property company. Swansea-based developer, Britannia Overseas Property, said that the level of demand in Bulgaria is so high that prices rose by almost 50 per cent last year, while experts anticipate these will double within the next year. The average price of one of Britannia's...